You are here: Home - News -

Bluestone lowers mortgage rates; Tandem refreshes first charge range – round-up

  • 12/02/2024
  • 0
Bluestone lowers mortgage rates; Tandem refreshes first charge range – round-up
Bluestone Mortgages has reduced rates across two- and five-year fixes by up to 0.76 per cent.

Its mortgage rates now begin from 6.34 per cent. 

The lender has also cut rates on its Deposit Unlock mortgages by up to 0.31 per cent, and is now priced at 7.73 per cent for a two-year fix and 7.74 per cent for a five-year fix, both with a £1,495 fee.  

The fee-free options have rates of 8.38 per cent and 7.34 per cent respectively. 

The Deposit Unlock products are available at 95 per cent loan to value (LTV) and open to first-time buyers. 

Reece Beddall (pictured), sales and marketing director at Bluestone Mortgages, said: “At Bluestone, we are committed to supporting those customers with adverse credit who are unable to meet the traditional lending criteria of high street lenders, as well as those who are looking to climb onto the property ladder for the first time.  

“These rate reductions are a part of our ongoing efforts to provide people with solutions that suit their unique circumstances so that they can make their homeownership dream a reality.” 


Tandem Bank updates first charges 

Digital bank Tandem has made changes to its first charge residential mortgages following feedback from mortgage advisers. 

Across its 90 per cent LTV range, it has added a two-year fix with a rate of 7.59 per cent and a five-year fix at 7.14 per cent. Both have a £1,495 completion fee. 

The lender has introduced discounted rates for properties with an EPC (Energy Performance Certificate) rating between A and C, and borrowers can obtain rates up to 0.3 per cent lower than its standard product range. 

This is available for purchase and remortgage options.  

Roger Morris, sales and distribution director at Tandem, said: “We value our symbiotic relationship with mortgage advisers, where we actively seek and listen to feedback. We take prompt actions to tailor our residential offerings around the needs of customers, as voiced by the advisers on the front line.  

“In light of the significant rise in rental charges, especially over the last 24 months, homeownership has become an aspiration for numerous hardworking families across the UK.” 

There are 0 Comment(s)

Leave a Reply

You may also be interested in